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A strong opportunity for investors, contractors, or buyers looking for a renovation project with upside. Located directly across from a park, this property offers a desirable setting and a layout with multiple value-add possibilities. The main level features 3 bedrooms, a full bath, kitchen, and living room, providing a solid foundation for restoration or redesign. The basement includes a finished area currently set up with a kitchen, living space, full bath, and additional rooms previously used as bedrooms. The garage has also been converted into a small studio-style living area with a kitchenette and bathroom. Both the basement and garage conversions are illegal and will require proper permits and compliance with Town of Brookhaven regulations. For buyers willing to take on renovations or utilize a 203k/renovation loan, this home presents significant potential. With proper updates and permitting, the existing layout offers flexibility for multi-generational living or future rental income opportunities. Set in a residential neighborhood with park views, easy access to area amenities, and strong long-term value potential, this property is ideal for those looking to bring vision and creativity to a project. All information deemed accurate but not guaranteed. Buyer to verify all permits, COs, and intended uses with the Town.
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Our Executive Mortgage Banker:
$449,900
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $359,920 | $359,920 | $359,920 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.250% | 5.375% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.324% | 6.398% | 5.614% |
| Monthly Tax Payment | $777 | $777 | $777 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $2,129 | $2,216 | $2,917 |
| Total Monthly Payment | $2,981 | $3,068 | $3,769 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.